LyondellBasell Industries (NYSE:LYB) Issues Quarterly Earnings Results

LyondellBasell Industries (NYSE:LYB) issued its earnings results on Friday. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17, RTT News reports. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year.

LyondellBasell Industries Price Performance

LYB opened at $102.17 on Friday. The company has a fifty day simple moving average of $100.87 and a 200 day simple moving average of $96.48. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.22 and a beta of 1.19. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Barclays increased their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Citigroup raised their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.82.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The disclosure for this sale can be found here. In the last three months, insiders sold 80,853 shares of company stock valued at $8,077,267. Corporate insiders own 0.11% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.